Compared with buyer's desires, there is too much supply on the outer fringes and not enough in the center of The Valley.

In Sun Lakes, the story is similar in some respects, like lower-than-normal buyer demand/activity. But inventory in Sun Lakes remains extremely low with only 63 active listings. This still translates to a moderate sellers’ market as tracked by the Cromford Index which sits at 179.1 (an index reading over 100 is a sellers’ market).

As you can see from the above chart, sales volume is down from the same period last year, and down significantly from the same period in 2022. Remember, the first five months of 2022 was the last of the “crazy” sellers’ market, as we quickly shifted to a balanced market by the end of the summer of 2022. Prices are back to where they were before the correction of 2022. Prices are up almost 10% over the first half of 2023.

The election is looming on the horizon and there is talk of a possible interest rate reduction as early as September, so the remainder of 2024 could be very interesting. The Kolb Team will be monitoring the real estate market closely as always, and we are here for all your real estate needs.

The Kolb Team

1. Combine in a saucepan all the ingredients except the egg whites, vanilla, and pie shell.
2. Cook over medium heat until thick, stirring often.
3. Once the mixture is thickened, remove from heat and stir in vanilla.
4. Pour into baked pie shell.
5. Make meringue from egg whites by whipping them to firm, glossy peaks. Dollop on top of pie and brown under the broiler.

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He joined the Buffalo Forge Company after graduating. In 1902, he submitted mechanical drawings that represented his idea for mitigating an air quality problem at Brooklyn, New York’s Sackett-Wilhelms Lithographing and Publishing Company. The humid summer caused paper to grow and shrink, and because color printing at the time required the same sheet of paper to go through up to 4 passes in a press, poor image quality was common. Those drawings Carrier did are recognized as the world’s first modern air conditioning system.

After the cutting-edge system was installed in 1902, from that point on, experts in the field decided that air conditioning must function in the following 4 ways: control temperature, control humidity, control air circulation and ventilation, and cleanse the air. Over the next few years, and testing A/C units in the field, Willis Carrier was granted a patent for an ‘Apparatus for Treating Air’ in January 1906. In 1908, a subsidiary of the Buffalo Forge Company was created – it was called The Carrier Air Conditioning Company of America and its Vice President was Willis Carrier. And now you know whom to thank for modern air conditioning and how it came to be!

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